Demand for Coal (electricity shortage) India’s electricity demand picks up further in October while coal shortage lingers. The country is currently facing a supply deficit due to the ongoing coal crisis. Amid an acute coal shortage, India’s electricity demand surged 4.9% during the first half of October as supply fell short of demand by 1.4%.Continue reading “India’s electricity demand rises by 4.9% in early October amid coal crisis”
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Analysts says:rising global oil and coal prices pose macro dangers.
Prices at the highest peak Oil prices have risen 14% to USD 83 per barrel, while coal prices have risen 15% to USD 200 per metric tonne, according to Morgan Stanley analysts. “The rise in energy costs, particularly oil prices, has raised worries about greater inflation, slower growth, and if this may lead to monetaryContinue reading “Analysts says:rising global oil and coal prices pose macro dangers.”
Indian power plants on alert for outages.
Electricity The worsening squeeze on India’s coal supply is triggering a power crisis that’s threatening to stall the world’s fastest-expanding major economy. Coal-fired power stations had an average of four days’ worth of stock of the fuel at the end of last month, the lowest level in years, and down from 13 days at theContinue reading “Indian power plants on alert for outages.”
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